Dollar advances after retail sales increase in U.S.

By

William L. Watts and

Kate GibsonThe Wall Street Journal Asia

Updated June 13, 2008 12:01 a.m. ET

NEW YORK -- The dollar climbed Thursday after the U.S. government reported firmer import prices and better-than-expected retail sales for May, bolstering thinking that the Federal Reserve would raise interest rates after a series of cuts.